Sunday, October 25, 2020
News Flash Manzil seeking equity financing

Manzil seeking equity financing

Islamic fintech start-up Manzil, which closed a CA$1.15 million (US$851,278) seed round in May 2019, is looking to raise CA$300,000 (US$222,073) in an equity financing round conducted on crowdfunding platform FrontFundr.

The company, whose capital-raising campaign is already live, is currently working on launching a variable mortgage product, car financing and credit cards this year as well as a robo-advisory platform in 2021. It is also looking to expand into the US and the UK in 2022 and 2023 respectively.

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